AT&T price target raised to $21 from $20 at TD Cowen

TD Cowen analyst Gregory Williams raised the firm’s price target on AT&T to $21 from $20 and keeps a Market Perform rating on the shares. The firm said they posted mixed results with upside to pre-announced phone adds and in-line 2024 guidance except for downside EPS on non-operational headwinds. Cowen believes the wireless industry is shaping up for a favorable/visible/rational year.